As price has finally breaks down Support&Resistance stated on chart above, I'm watching if this idea will be valid or not for this week.
Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772.
If bear traps was a success, we might see price breaks through resistance. So long(buy) trade can be place.
As safe trade, better to trade with it's trend. have a safe trade. glhf!